Pilot SME Growth Program
The Pilot SME Growth Program is an ACT Government initiative aimed at driving small business growth and competitiveness.
It will provide skilled support for business improvement and promoting opportunities and innovation through collaborative opportunities, connections with research institutions and developing and commercialising new ideas.
The program is delivered on behalf of the ACT Government by the CBR Innovation Network (CBRIN) .
Am I eligible?
To be eligible to participate in the Pilot SME Growth Program your business must:
- be registered and trading in ACT
- have been established for a minimum of 2 years
- have an annual turnover of between $500,000 and $1.5million
- be registered for GST and have submitted BAS
- have innovation as a core value
- have a demonstrated capacity to grow
- be IT enabled.
The business review is delivered by an experienced business advisor who works with you one on one to understand and review how the business is run and to identify areas of improvement.
The adviser will review and assess things like how your business functions, your business strategy, market conditions and your work practices, and work with you to identify areas and opportunities for improvement in your business.
You will need to provide access to your business information including three years of financial information (profit & loss and balance sheet) and key personnel that the adviser needs to complete their analysis.
A business review report of your business is delivered at no charge.
Your business report may include an assessment of the direction and strategy of the business together with a market and industry appraisal; a review of internal processes; and a financial analysis.
Business Improvement Grant
If you’re interested in implementing the recommendations in your Business Review you can choose to apply for the Business Improvement Grant.
The grant of up to $5,000 (excl GST) per business is to help reimburse your business for some of the costs of securing the expertise to make the recommended improvements. All funds provided in the grant will need to be matched dollar for dollar by your business.
Find out more
To find out more about the Pilot SME Growth Program contact:
Phone: 0409 741 337